Sterlite Power Buys SPV from PFC to Execute Large ISTS Project Updated On Fri, Jun 26th, 2020 by Saurenergy Sterlite Power, a leading power transmission infrastructure developer, on Friday, said that it has acquired Vapi II North Lakhimpur Transmission Ltd (VNLTL), a Special Purpose Vehicle (SPV) from power sector lender PFC’s arm PFC Consulting Ltd. Through this acquisition, the company is planning to execute a large inter-state transmission system (ISTS) project – Western Region […] Read more
Lockdown Delayed Execution of Under Construction Projects, Escalated Costs: Adani Transmission Updated On Tue, Jun 2nd, 2020 by Saurenergy Adani Transmission (ATL), an arm of the Adani Group, has said that the coronavirus-induced lockdown has delayed the execution of its under-construction projects due to non-availability of workforce and delay in getting multiple regulatory approvals led to cost escalation. The government had imposed a 21-day nationwide lockdown on March 25, 2020, in order to fight coronavirus pandemic, […] Read more
Sterlite Power Commissions Rs 1,027 Cr worth of Gurgaon Palwal Transmission Project Updated On Mon, Apr 13th, 2020 by Saurenergy Adding another feather in its cap, Sterlite Power, one of the leading global developers in power transmission space, has commissioned the Gurgaon Palwal Transmission Project (GPTL) worth Rs 1,027 crore. This project is expected to enhance the power capacity of the Gurugram and Palwal areas in the state of Haryana by ~2000 MW. Further, the […] Read more
Sterlite Power Partners with 4 EPC, OEM Players to Execute its Lakadia Vadodara Transmission Project Updated On Mon, Mar 30th, 2020 by Saurenergy Sterlite Power, which is among the leading global developers in power transmission space, has entered into partnership with four major players in the EPC and OEM space, with an aim to execute it’s Green Energy Corridor (GEC) project – Lakadia Vadodara Transmission Project Ltd (LVTPL). Thus, the company has joined hands with GE T&D India […] Read more
Sterlite Power Advances Biz Strategy Post Selling 3 Assets in Brazil for About $100 Mn Updated On Mon, Mar 23rd, 2020 by Saurenergy Sterlite Power, which is among the leading global developers in the power transmission space, has achieved major milestone in Brazil by selling three assets i.e. Arcoverde, Novo Estado and Pampa from its portfolio for about USD 100 million (BRL 566 million). Post divestment of these assets, the company, now, has seven projects in different Brazilian regions, […] Read more
Sterlite Power Completes Sale of Novo Estado Project to ENGIE’s Brazilian Arm Updated On Thu, Mar 12th, 2020 by Saurenergy One of the leading global developers in the power transmission space Sterlite Power has successfully completed the sale of its Novo Estado project in Brazil to French multinational electric utility company ENGIE’s arm in Brazil. The Vedanta Group company, Sterlite Power, has informed that, the sale process of Sterlite Novo Estado Energia S.A. (Novo Estado) […] Read more
Sterlite Power Secures Rs 2,024 Cr Funding from IndusInd Bank, L&T Infra for Transmission Project in Gujarat Updated On Wed, Mar 4th, 2020 by Saurenergy Global player in the power transmission space Sterlite Power has secured funding for about Rs 2,024 crore for its power transmission project in Gujarat. The company said that, it has achieved financial closure for its Lakadia Vadodara Transmission Project Ltd (LVTPL). It further added that, we have secured funds worth Rs 2,024 crore from IndusInd […] Read more
KEC Expands Global Footprint; Acquires Transmission Tower Mfg Unit in Dubai Updated On Mon, Feb 24th, 2020 by Saurenergy RPG Group flagship firm KEC International (KEC), through its arm KEC Towers LLC, has acquired an automated transmission tower manufacturing facility in mainland Dubai, United Arab Emirates (UAE). The global infrastructure Engineering, Procurement and Construction (EPC) major has won Dubai-based facility, with a capacity of 50,000 tons p.a., in an auction sale conducted by the Emirates Auction Authority. The BSE-listed company […] Read more
Sterlite Power Elevates Arun Sharma as Infra Biz COO Updated On Wed, Jan 29th, 2020 by Saurenergy Global player in the power transmission space Sterlite Power said on Wednesday that it has appointed Arun Sharma as Chief Operating Officer (COO) of its infrastructure business. Earlier, Sharma was heading the Master System Integration (MSI) business at the company’s solution business unit. Now, he will lead Sterlite Power’s both infrastructure and MSI businesses. He […] Read more
